[2] Trapiche is owned by Grupo Peñaflor, one of the first ten wine producers in the world.

Trapiche was founded when Tiburcio Benegas bought property in Mendoza in 1883, which contained a small vineyard.

In 1971, Benegas Hermanos was sold to the Pulenta family, who renamed the company Peñaflor S.A. Peñaflor continued to produce and modify its existing Trapiche, Broquel, and Puente Viejo wines, while developing new brands and its white wines.

[3] DLJ Merchant Banking Partners acquired the Pulenta family's stake in Penaflor and Trapiche in 2002 and arranged to export Trapiche to over 40 countries, including to the United States through American wine importers Frederick Wildman & Sons.

Trapiche sells a yearly set of single-vineyard Malbecs, created by Daniel Pi as a way to show an appreciation for smaller, individual Mendoza vineyards, some of which were cited by Wine Spectator as "the best wines that Trapiche has ever produced.